Eminence Capital & Tiger Consumer Add to Aeropostale Positions

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G on retailer Aeropostale (ARO).  Per the filing, Eminence now owns 5.4% of the company with just over 4.2 million shares.

This marks a 39% increase in their position size since the end of the second quarter when they owned just over 3 million shares.  The 13G was required due to portfolio activity on September 17th.


Tiger Consumer Management Buys Aeropostale Too

Eminence isn't the only hedge fund that's been buying shares either.  Patrick McCormack's Tiger Consumer Management has also filed a 13G on ARO in recent weeks.

Tiger Consumer now owns over 6.4 million shares and filed the 13G due to activity on September 4th.  They've boosted their holdings in ARO by almost 81% since the end of the second quarter.   Patrick McCormack's fund now owns 8.21% of the company.

Per Google Finance, Aeropostale is "a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores. P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores, and online at www.ps4u.com."

Patrick McCormack's Tiger Consumer Starts Liz Claiborne Stake

Patrick McCormack's hedge fund Tiger Consumer Management recently filed a 13G with the SEC regarding shares of Liz Claiborne (LIZ). They reported a 6.59% ownership stake in LIZ with 6,237,700 shares.

This is a brand new position for the hedge fund as they did not own shares upon close of the second quarter. Tiger Consumer Management passed the 5% ownership stake threshold requiring an SEC filing on October 12th.

Tiger Consumer is one of the many firms seeded by Tiger Management founder, Julian Robertson. And as its fund name implies, Tiger Consumer focuses primarily on the consumer sector.

Per Google Finance, Liz Claiborne "designs and markets a portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND and MEXX. It also has a group of department store-based brands with consumer franchises, including the LIZ CLAIBORNE and MONET families of brands and the licensed DKNY JEANS and DKNY ACTIVE brands. It operates in three segments: Domestic-Based Direct Brands segment, International-Based Direct Brands segment and Partnered Brands segment."

Patrick McCormack's Tiger Consumer Starts Skechers (SKX) Stake

Patrick McCormack's hedge fund Tiger Consumer Management has just filed a 13G with the SEC regarding Skechers USA (SKX). Due to portfolio activity on October 28th, Tiger Consumer has revealed a 5.69% ownership stake with 2,060,317 shares. This is a brand new position for the hedge fund as they did not own shares as of their last SEC disclosure on June 30th. Other activity out of McCormack's fund includes an increase in their Medifast (MED) position a few months ago.

What's interesting about McCormack's Skechers stake is that it's not the first time he's owned it. Tiger Consumer showed a position in SKX back in the first quarter of 2010. But then in the second quarter, disclosures revealed they had sold completely out of the position. But now in the fourth quarter, they own SKX again so we'll have to see how long they own it this time around.

Tiger Consumer is one of the many firms seeded by Tiger Management founder, Julian Robertson. And as its fund name implies, Tiger Consumer focuses primarily on the consumer sector.

Taken from Google Finance, Skechers "design and market Skechers-branded contemporary footwear for men, women and children under several lines. addition to Skechers-branded lines, the Company also offers several designer, fashion and street-focused footwear lines for men, women and children. These lines are branded and marketed separately from Skechers and appeal to specific audiences. Its brands are sold through department stores, specialty stores, athletic retailers, and boutiques as well as catalog and Internet retailers."

Pat McCormack's Tiger Consumer Adds to Medifast (MED)

Patrick McCormack's hedge fund Tiger Consumer Management just filed a 13G with the SEC regarding shares of Medifast Inc (MED). Per the filing, Tiger Consumer has disclosed a 5.11% ownership stake in MED with 788,790 shares due to portfolio activity on September 7th, 2010. This marks an increase in their position as they previously held 553,191 shares back on June 30th. As such, Tiger Consumer has boosted its position size by 42.6%, buying 235,599 additional shares over the past two and a half months.

In terms of other portfolio activity from McCormack's fund, we detailed back in July that they started a position in Sonic Automotive (SAH). Tiger Consumer is one of the many funds seeded by Tiger Management founder Julian Robertson and you can view the proverbial Tiger family tree here.

Taken from Google Finance, Medifast is "engaged in the production, distribution, and sale of weight management and disease management products and other consumable health and diet products."

To see the other stocks that matter most to hedge funds, head to our coverage of Goldman Sachs' VIP list.

Pat McCormack's Tiger Consumer Initiates Sonic Automotive (SAH) Position

Patrick McCormack's hedge fund Tiger Consumer Management recently filed a 13G with the SEC regarding shares of Sonic Automotive (SAH). The disclosure was made due to portfolio activity on June 29th, 2010 and Tiger Consumer now shows a 5.13% ownership stake in SAH with 2,081,757 shares. This is a brand new position for the hedge fund because they did not own any Sonic Automative in the first quarter (as of March 31st, 2010). Shares of SAH are trading at $8.50, a level where they temporarily bottomed back in November 2009. In the throngs of the crisis, Sonic Automotive traded as low as $0.72. We've previously covered Tiger Consumer's other new position as well.

This is the second time we've detailed portfolio activity from Pat McCormack's hedge fund. For those unfamiliar, Tiger Consumer was seeded by Julian Robertson, the legendary manager and founder of Tiger Management. McCormack's fund offices at the same Park Avenue address as Robertson's former fund. Tiger Consumer reported $919 million in assets invested on the long side as of March 31st, 2010. As its name implies, the fund focuses on the consumer sector and is one of the 'Tiger Seed' hedge funds (you can view the entire Tiger hedge fund family tree here).

Taken from Google Finance, Sonic Automotive "operates as an automotive retailer in the United States. As of January 31, 2009, the Company operated 145 dealership franchises at 122 dealership locations, representing 29 different brands of cars and light trucks, and 26 collision repair centers in 15 states."

For the latest investments from top managers, head to our hedge fund portfolio tracking series updated daily.

Patrick McCormack's Hedge Fund Tiger Consumer Starts New Position

Patrick McCormack's hedge fund Tiger Consumer Management just filed an a 13G with the SEC regarding shares of Red Robin Gourmet Burgers (RRGB). The filing was made due to activity on May 21st, 2010 and the hedge fund now shows a 5.16% ownership stake in RRGB with 806,534 shares. This is a brand new position for Tiger Consumer as they did not show a position as of March 31st per their last 13F filing.

This is the first time we've covered Pat McCormack's hedge fund and so some brief background: Tiger Consumer is one of the many hedge funds seeded by Julian Robertson, the founder of Tiger Management. McCormack's fund offices at the same Park Avenue address that Robertson's legendary firm once called home. As such, Tiger Consumer is one of the 'Tiger Seed' funds out there and as of March 31st, 2010 reported $919 million in assets. For those interested, you can view the whole Tiger Family Tree here. And obviously, as his hedge fund's name implies, McCormack's focus is on the consumer sector. We're starting to cover more of the Tiger Seed funds in addition to our longstanding coverage of Chase Coleman's Tiger Global.

Taken from Google Finance, Red Robin Gourmet Burgers is "together with its subsidiaries, is a casual dining restaurant chain focused on serving burgers. As of December 27, 2009, Red Robin had 21 franchisees, which were operating 133 restaurants in 21 states and 2 Canadian provinces, and it had eight exclusive franchise area development arrangements with those franchisees."

For more of the latest investment activity from prominent managers, head to our hedge fund portfolio tracking series that is updated daily.